FURZEFIELD FARM, FURZEFIELD AVENUE, SPELDHURST, TUNBRIDGE WELLS, TN3 0LD - £1,480,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

FURZEFIELD FARM is a very large extended detached house of 286m², built sometime between 1930 and 1949. It was last sold for £1,480,000 in June 2021, which was around 90% above the average June 2021 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was C.

FURZEFIELD FARM Sold Prices

Land registry data shows two sales for FURZEFIELD FARM since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. Both of the two FURZEFIELD FARM sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 30 JUN	£1,480,000	£780,667	90% above HPI
2002 3 MAY	£611,500	£329,802	85% above HPI

FURZEFIELD FARM Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tunbridge Wells local authority area over time, sourced from the HPI. The two FURZEFIELD FARM sales from May 2002 and June 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2002 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the June 2021 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

How Large is FURZEFIELD FARM?

FURZEFIELD FARM is 286m², which includes two extensions, according to the EPC inspection conducted in January 2021. This puts it in the largest 20% of detached houses in Speldhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Speldhurst, and where FURZEFIELD FARM lies on this distribution: 87% of detached houses are smaller than FURZEFIELD FARM, and 12% of houses are larger. Note that EPC data is not available for all properties in Speldhurst.

FURZEFIELD FARM: Plot and Title Map

FURZEFIELD FARM sits on a plot of roughly 0.338 of an acre, or 1,367m². The below map shows the location of FURZEFIELD FARM, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of FURZEFIELD FARM). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is FURZEFIELD FARM?

FURZEFIELD FARM is located on FURZEFIELD AVENUE in SPELDHURST, in the TN3 postcode district. The below map shows the position of FURZEFIELD FARM on FURZEFIELD AVENUE.